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India is a major player in the global wind turbine market. In terms of wind power installed capacity, India is ranked 5th in the world.
The report begins with an overview of the macroeconomic scenario prevalent in India currently. The introduction section which follows gives an overview of the total power scenario in India along with the share of renewable energy in the overall power capacity. It also highlights the generation procedure and the cost component of wind power. Components of a wind turbine along with the various technological options are also tabulated. The market overview section provides an insight into the wind turbine market which includes the historical and forecasted growth and size of wind turbine installations inIndia. Market segmentation in terms of geared and gearless turbines and ownership of installation are revealed here. Cost component difference in geared and gearless turbines is also highlighted along with the difference in the two prevailing business models in the wind energy sector. Export and Import figures for wind mills & turbines are shown for the last four fiscal years.
An analysis of the drivers explains the factors for growth of the industry which includes the huge untapped wind power potential in the country, energy deficiency condition inIndia, global drive towards clean energy, volatile global prices of oil and depleting coal reserves. However few challenges plague the wind turbine manufacturing sector inIndiawhich includes withdrawal of GBI and AD schemes, rise in prices of important raw materials like steel and copper and land acquisition problems.